CoreCivic Inc (CXW)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 468,289 | 306,889 | 431,537 | 525,551 | 499,109 |
| Revenue | US$ in thousands | 1,961,650 | 1,896,640 | 1,845,330 | 1,862,620 | 1,905,480 |
| Gross profit margin | 23.87% | 16.18% | 23.39% | 28.22% | 26.19% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $468,289K ÷ $1,961,650K
= 23.87%
CoreCivic Inc's gross profit margin has exhibited some fluctuations over the five-year period from 2020 to 2024. In December 2020, the gross profit margin stood at 26.19%, indicating that for every dollar of revenue generated, the company retained $0.26 after accounting for the cost of goods sold.
By December 2021, the gross profit margin improved to 28.22%, suggesting that the company was able to enhance its profitability and efficiency in generating gross profit. However, in December 2022, the gross profit margin declined to 23.39%, reflecting a decrease in the proportion of revenue remaining after deducting the cost of goods sold.
The trend continued in December 2023, with a further decrease in the gross profit margin to 16.18%, indicating a significant reduction in profitability compared to the previous year. However, by December 2024, there was a notable recovery in the gross profit margin to 23.87%, signaling potential improvements in the company's operational performance and profitability.
Overall, CoreCivic Inc's gross profit margin has shown variability over the five-year period, with fluctuations reflecting changes in the company's ability to manage its production costs and generate gross profit. Understanding these trends can provide valuable insights into the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024